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WASHINGTON.(TO THE POINT)

Investor's Business Daily

| July 03, 2001 | COPYRIGHT 2001 Investor's Business Daily, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

New oil leases in Gulf of Mexico

sought by Bush administration

The area will cover about 1.5 million acres in the Gulf of Mexico, two senior officials said. The administration modified the area from approximately 6 million acres initially to about 1.5 million acres. Florida Gov. Jeb Bush opposed oil drilling off his coastline, but spokesmen said the change was "encouraging." Environmentalists also said the new plan was a lot better than the original one.

U.S. bank regulators criticized as "overly complex, costly and unworkable" recent Securities and Exchange Commission rules extending the agency's jurisdiction over banks' broker-dealer activities.

Cheney returns to work, feels fine

Vice President Dick Cheney returned to work with a new pacemaker in his chest, promoting the energy strategy he assembled for the administration and attending his usual White House ...

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